Welcome To CDF!
Community developing Finance is a 501c3 nonprofit company situated in California. Our objective would be to help low-income and extremely low-income households, communities and companies with additional usage of money and economic literacy by providing below-market price monetary products and services to low-income, underserved and unbanked individuals in communities every-where. Additionally it is our objective to generate partnerships that are new assist other organizations in increasing use of money in these communities.
CDF started the initial and just nonprofit, full-service, stand-alone check cashing shop in the nation in May 2009, within the Fruitvale neighbor hood of Oakland, Ca.
Our storefront, called Community Check Cashing (pictured, left), offers below-market prices, minimal charges, and an extensive variety of economic solutions, including economic mentoring and business solutions вЂ” all created to simply help low-income families go out of poverty. We operate the shop on an enterprise that is social: a nonprofit check cashing organization when the check cashing solutions element of the operations are economically sustainable through received income when using contributions and funds to guide the mentoring, social solutions and management.
CDF's programs have actually demonstrated to conserve clients a good deal of cash independently every year вЂ“ we estimate a yearly cost cost savings to your community of $150,000 to $200,000 from our reduced rates along with other solutions. This amounts to about $1.2 million in cost savings into the neighbor hood since we exposed last year.
CDF is associated with numerous revolutionary programs with its brief history through partnerships and developing brand new programs.